The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Malaysia merger mania speaks to changing domestic and regional challenges

A suggested merger of two of Malaysia’s large banks and the sale of half of another’s international brokerage to a Chinese peer have shaken up the country’s financial services industry in the space of a week – what’s happening?

Things are stirring in Malaysia’s banking industry. So far in June, two of the biggest banks in the country have set about merger talks, and another has agreed to sell half of its international brokerage business to a mainland Chinese securities house.

On June 1, RHB Bank and AMMB Holdings, better known as AmBank, announced they were discussing a merger and had received approval from the central bank to move forward. They have signed an exclusivity agreement, which will expire on August 30, and are moving towards an all-share merger.

It’s an easy deal to understand, all about scale. Public Bank, CIMB and Maybank are all stronger; combining two of the banks on the rung below makes for a strong top-four bank.

Dato_Khairussaleh_Ramli-160x186

Dato’ Khairussaleh
Ramli, RHB

RHB group managing director Dato’ Khairussaleh Ramli says it will “create a stronger fourth largest banking group, creating scale and market leadership across key business segments”, while Dato’ Sulaiman Mohd Tahir, group CEO of AmBank, speaks of “our goal of becoming a formidable banking group”.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree